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"China should seize opportunities to boost innovation in deep learning, smart algorithms and chips, and modernize industries with AI technologies," Lin Nianxiu, deputy head of the National Development and Reform Commission (NDRC), told a room of entrepreneurs, researchers and policy-makers at the congress, which was held from May 16 to 18.

"Chinese consumers prefer complex and multifunctional products, compared with those in Europe and the United States, who like simpler ones. They also prefer red," he explained.

"China's e-commerce has been a duopoly market for years. Against everyone's expectation, there came Pinduoduo, emerging with a completely different set of practices to engage with users," said Keso Hong, an independent internet commentator in China.

"Chinese investment in the UK is open and transparent," he said on Thursday. "Britain needs to be open-minded, inclusive and confident when it comes to foreign investment."

"China's strong support for cross-border e-commerce comprehensive experimental zones, and the gradual improvement of taxation and regulatory policy environment, will greatly boost the growth of the industry," Zhang said.